Grocery-Anchored Retail Strip
For Sale
Contact for pricing
3707 Lakeshore Drive #3709, Shreveport, LA 71109
A grocery store serves as the principal tenant in this multi-tenant retail property.
Property Size44,972 SF
Price / SF$0.03
Days on Market11
Property Features for 3707 Lakeshore Drive #3709
General Information
Standard status
Active
Size
44,972 SF
Property subtype
Retail
Site & Location
Neighborhood
Country Club
Building Details
Year Built
1960
Listing Agency:
Magnorum Realty Services, LLC
Listed By:
James McDonald
(817) 487-7728
Source:
Magnorumrealty
Added: Oct 19
Changed: Oct 28
Last Checked: Oct 28 at 4:42PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Magnorum Realty Services, LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail strip center was built in 1960 and contains multiple tenant spaces. Piggly Wiggly is identified as the primary grocery tenant, alongside a large furniture retailer. Suite 3709 is on the Lakeshore Drive side of the center.
The property occupies the corner of Jewella and Lakeshore Drive in Shreveport, Louisiana.
The property occupies the corner of Jewella and Lakeshore Drive in Shreveport, Louisiana.
Key Highlights
- Piggly Wiggly is the center’s main grocery tenant
- At the corner of Jewella and Lakeshore Drive
- Built in 1960
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$445,762
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,915,240
$8.9M
Cap Rate 7%
$6,368,029
$6.4M
Cap Rate 9%
$4,952,911
$5.0M
Market Conditions
NOI Build-Up for 44,972 SF
Gross rent
$674.6K $15.00/SF
− Vacancy
−$37.8K −$0.84/SF
EGI
$636.8K $14.16/SF
− OpEx
−$191.0K −$4.25/SF
NOI
$445.8K $9.91/SF
Area
Shreveport, LA
Vacancy
5.60%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,915,240
Cap Rate 7%
$6,368,029
Cap Rate 9%
$4,952,911
Alternative Uses
Best Use
Retail
$6.37M
$5.57M – $7.43M
NOI $445,762 @ 7.0% cap · market cap 34,289.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$9.49M
$8.31M – $11.07M
NOI $664,434 @ 7.0% cap · market cap 51,110.31%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
226
Businesses Nearby
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Business Placement
Demographics for 71109, LA
18,414
Population
9,099
Households
2
Avg Household Size
39
Median Age
14%
College-Educated
83%
High-School Grad
12.8 sq mi
ZIP Area
1,439
Density / Sq Mi
$31,309
Median Household Income
$25,695
Median Earnings
$896
Median Rent
$91,800
Median Home Value
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Strip mall - A grocery store serves as the principal tenant in this multi-tenant retail property.
Where is this strip mall located?
The property is located at 3707 Lakeshore Drive #3709 Shreveport, LA.
What are key features of this property?
This property features: Piggly Wiggly is the center’s main grocery tenant; At the corner of Jewella and Lakeshore Drive; Built in 1960
